Investment giant Carlyle Group has named Harvey Schwartz, the 58-year-old former President and Co-Chief Operating Officer of Goldman Sachs, as its next Chief Executive Officer. The appointment became effective on February 15, 2023, marking a significant leadership change for the firm.
Schwartz’s career trajectory at Goldman Sachs spans more than two decades. After joining the financial powerhouse in 1997, he steadily climbed the ranks, holding critical positions including Chief Financial Officer before reaching the executive leadership tier. His tenure predates his Goldman Sachs years—between 1990 and 1997, Schwartz worked across multiple financial institutions, including a stint at Citicorp, building diverse experience across the sector.
This CEO appointment brings closure to Carlyle’s extended leadership search. The firm had been operating without a permanent chief executive since Kewsong Lee’s departure in August 2022. During this interim period, Bill Conway, Carlyle’s Co-Chairman of the Board, had filled the top executive role temporarily. With Schwartz now assuming the CEO position, Conway will transition back to his Co-Chairman responsibilities, relinquishing his acting chief executive duties.
The transition underscores Carlyle’s strategic focus on securing seasoned financial leadership with deep institutional experience. Schwartz’s background in global finance and executive operations positions him to navigate the complex investment landscape the firm operates within.
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Harvey Schwartz Takes the Helm at Carlyle Group Following Goldman Sachs Leadership Role
Investment giant Carlyle Group has named Harvey Schwartz, the 58-year-old former President and Co-Chief Operating Officer of Goldman Sachs, as its next Chief Executive Officer. The appointment became effective on February 15, 2023, marking a significant leadership change for the firm.
Schwartz’s career trajectory at Goldman Sachs spans more than two decades. After joining the financial powerhouse in 1997, he steadily climbed the ranks, holding critical positions including Chief Financial Officer before reaching the executive leadership tier. His tenure predates his Goldman Sachs years—between 1990 and 1997, Schwartz worked across multiple financial institutions, including a stint at Citicorp, building diverse experience across the sector.
This CEO appointment brings closure to Carlyle’s extended leadership search. The firm had been operating without a permanent chief executive since Kewsong Lee’s departure in August 2022. During this interim period, Bill Conway, Carlyle’s Co-Chairman of the Board, had filled the top executive role temporarily. With Schwartz now assuming the CEO position, Conway will transition back to his Co-Chairman responsibilities, relinquishing his acting chief executive duties.
The transition underscores Carlyle’s strategic focus on securing seasoned financial leadership with deep institutional experience. Schwartz’s background in global finance and executive operations positions him to navigate the complex investment landscape the firm operates within.